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Chinese small banks’ bond sales in November surged to highest this year

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Chinese small- and medium-sized banks' bond issuance surged to the highest this year in November, after the authority encouraged them to replenish capital with multiple tools in order to strengthen their capability to serve the real economy and defend against risks.

China's SMBs, mostly city commercial banks and rural commercial banks, issued 30.1 billion yuan tier-two capital bonds last month, the highest so far this year, according to data from Wind Information. Tier . . .

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